Department of Administration may apply net proceeds from trade of property to the improvement of property.

S.C. Code Ann. § 10-1-190
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
As part of the approval process relating to trades of state property for nonstate property, the Department of Administration is authorized to approve the application of any net proceeds resulting from such a transaction to the improvement of the property held by the department. Effect of Amendment 2014 Act No. 121, SECTION 7.L, substituted "Department of Administration" for "Budget and Control Board" and substituted "department" for "board".
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t10c001.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements